Kearny Financial (KRNY) Projected to Post Earnings on Wednesday

Kearny Financial (NASDAQ:KRNY) will likely be announcing its earnings results before the market opens on Wednesday, January 29th. Analysts expect the company to announce earnings of $0.12 per share and revenue of $37,994.00 billion for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Kearny Financial (NASDAQ:KRNY) last issued its quarterly earnings results on Thursday, October 24th. The savings and loans company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. The firm had revenue of $87.88 million during the quarter, compared to the consensus estimate of $37.70 million. Kearny Financial had a positive return on equity of 3.05% and a negative net margin of 27.43%. During the same quarter last year, the company posted $0.16 EPS.

Kearny Financial Stock Down 0.8 %

KRNY stock opened at $7.08 on Monday. Kearny Financial has a 1-year low of $5.28 and a 1-year high of $8.59. The stock has a market cap of $457.23 million, a price-to-earnings ratio of -4.88 and a beta of 0.82. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.99. The company’s 50 day moving average is $7.54 and its 200 day moving average is $7.12.

Analysts Set New Price Targets

Several analysts have recently weighed in on KRNY shares. Piper Sandler upgraded shares of Kearny Financial from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $9.00 to $8.50 in a research report on Monday, January 6th. StockNews.com raised Kearny Financial from a “sell” rating to a “hold” rating in a report on Monday, October 28th.

About Kearny Financial

Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States. It offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.